Crane Taco Company receives a $94.500, 6-year note bearing interest of 8% (paid annually) from a customer at a time when the discount rate is 10%. Click here to view the factor table. What is the present value of the note received by Crane? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, eg. 25.25) Present value of note received $

Crane Taco Company receives a $94.500, 6-year note bearing interest of 8% (paid annually) from a customer at a time when the discount rate is 10%. Click here to view the factor table. What is the present value of the note received by Crane? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, eg. 25.25) Present value of note received $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please see below. I need help with the part a2.
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